0001144204-12-028286.txt : 20120514 0001144204-12-028286.hdr.sgml : 20120514 20120514093734 ACCESSION NUMBER: 0001144204-12-028286 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120514 DATE AS OF CHANGE: 20120514 EFFECTIVENESS DATE: 20120514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HIGHLAND CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001167365 IRS NUMBER: 752716725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10659 FILM NUMBER: 12836746 BUSINESS ADDRESS: STREET 1: 13455 NOEL ROAD STE 1300 CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 9726284100 MAIL ADDRESS: STREET 1: 13455 NOEL ROAD STE 1300 CITY: DALLAS STATE: TX ZIP: 75240 13F-HR 1 v312690_13fhr.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2012 Check here if Amendment [ ]; Amendment Number: ______ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Highland Capital Management, L.P. Address: 300 Crescent Court, Suite 700, Dallas, Texas 75201 Form 13F File Number: 28-10659 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: James D. Dondero Title: President Phone: 972-628-4100 Signature, Place, and Date of Signing: /s/ James D. Dondero Dallas, TX May 14, 2012 -------------------- ---------- ------------ [Signature] [City, State] [Date] Report Type (Check only one.): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 171 Form 13F Information Table Value Total: 958,464 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name ____ 28-________________________ Cummings Bay Capital Management ____ 28-________________________ Highland Funds Asset Management ____ 28-________________________ Tunstall Capital Management [Repeat as necessary.]

VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ADCARE HEALTH SYSTEMS INC COM 00650W300 507 133,333 SH DEFINED AERCAP HOLDINGS C.V. (DEBIS) COM N00985106 7,382 664,422 SH DEFINED AFLAC INC. COM 001055102 6,237 135,618 SH SOLE AK STEEL CORPORATION COM 001547108 964 127,500 SH SOLE ALLIANCE DATA SYSTEMS CORPORATION COM 018581108 19,879 157,820 SH DEFINED ALYNLAM PHARMACEUTICALS INC COM 02043Q107 914 82,579 SH DEFINED AMDOCS LTD. COM G02602103 544 17,220 SH SOLE AMEDISYS INC COM 023436108 2,428 167,934 SH DEFINED AMERICAN EAGLE OUTFITTERS COM 02553E106 504 29,330 SH SOLE AMERIGROUP CORPORATION COM 03073T102 972 14,450 SH SOLE AMERISOURCEBERGEN CORP COM 03073E105 2,578 65,000 SH DEFINED APPLE INC. COM 037833100 28,560 47,636 SH DEFINED ARROW ELECTRONICS INC. COM 042735100 1,129 26,893 SH SOLE ARTHROCARE CORPORATION COM 043136100 2,251 83,836 SH DEFINED AT&T INC. COM 00206R102 1,115 35,700 SH SOLE ATHENAHEALTH INC COM 04685W103 7,428 100,210 SH DEFINED AUTODESK INC COM 052769106 9,442 223,100 SH DEFINED BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 1,668 361,000 SH SOLE BANK OF AMERICA CORPORATION *W EXP 10/28/201 060505153 1,188 1,200,000 SH SOLE BE AEROSPACE, INC COM 073302101 21,741 467,840 SH DEFINED BEST BUY CO., INC. COM 086516101 554 23,396 SH SOLE BOTTOMLINE TECH DEL INC COM 101388106 4,110 147,100 SH DEFINED BROOKDALE SR LIVING INC COM 112463104 1,685 90,000 SH DEFINED CARBONITE INC COM 141337105 635 57,682 SH DEFINED CARDINAL HEALTH INC COM 14149Y108 1,724 40,000 SH DEFINED CBRE GROUP INC COM 12504L109 3,545 177,600 SH DEFINED CEPHEID COM 15670R107 1,171 28,000 SH DEFINED CERNER CORP COM 156782104 8,111 106,500 SH DEFINED CHELSEA THERAPEUTICS INTL LT COM 163428105 358 139,700 SH DEFINED CHS/ COMMUNITY HEALTH SYSTEMS, INC. COM 203668108 289 13,000 SH SOLE CIGNA CORPORATION COM 125509109 2,070 42,027 SH DEFINED CITRIX SYS INC COM 177376100 9,122 115,600 SH DEFINED CLEARWIRE COMM/FINANCE COM 18538Q105 815 357,243 SH SOLE COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION COM 192446102 12,779 166,063 SH DEFINED COMPLETE GENOMICS, INC. COM 20454K104 6,641 2,354,866 SH DEFINED CONCHO RES INC COM 20605P101 21,110 206,800 SH DEFINED CONOCO PHILLIPS COM 20825C104 1,938 25,500 SH SOLE CORELOGIC INC COM 21871D103 7,205 441,500 SH DEFINED CORNING INC. COM 219350105 5,111 363,000 SH SOLE COSTCO WHOLESALE CORPORATION COM 22160K105 931 10,250 SH SOLE CUBIST PHARMACEUTICALS INC COM 229678107 1,211 28,000 SH DEFINED CURRENCYSHS BRIT POUND STER BRIT POUND STE 23129S106 2,537 16,000 SH SOLE DINKIN BRANDS GROUP INC COM 265504100 3,302 110,300 SH DEFINED DIRECTV GROUP, INC., THE COM 25490A101 3,187 64,600 SH SOLE DISH NETWORK CORP COM 25470M109 6,456 196,050 SH SOLE DYNAVAX TECHNOLOGIES CORP COM 268158102 1,308 260,000 SH DEFINED ELAN PLC COM 284131208 5,609 373,700 SH DEFINED ELI LILLY & CO COM 532457108 765 19,000 SH SOLE ENDOLOGIX INC. COM 29266S106 1,125 76,795 SH DEFINED ENTERPRISE PRODUCTS PARTNERS LP COM 293792107 3,323 65,848 SH SOLE ENTRAVISION COMMUNICATIONS CORPORATION COM 29382R107 2,279 1,332,712 SH SOLE EOG RESOURCES, INC COM 26875P101 7,719 69,475 SH DEFINED EQUINIX INC COM 29444U502 24,418 155,082 SH DEFINED ETFS PALLADIUM TRUST SH BEN INT 26923A106 2,329 36,125 SH SOLE EURONET WORLDWIDE INC COM 298736109 5,132 245,646 SH DEFINED EXACT SCIENCES CORPORATION COM 30063P105 533 47,733 SH DEFINED EXPRESS SCRIPTS, INC. COM 302182100 212 3,905 SH SOLE F5 NETWORKS INC COM 315616102 8,138 60,300 SH DEFINED FAIRPOINT COMMUNICATIONS, INC. COM 305560302 849 225,708 SH DEFINED FIFTH THIRD BANCORP COM 316773100 4,628 329,500 SH DEFINED GARMIN LTD. COM H2906T109 4,130 87,901 SH SOLE GENERAL ELECTRIC CO COM 369604103 20,103 1,001,648 SH DEFINED GENESCO INC. COM 371532102 16,135 225,197 SH DEFINED GENON ENERGY, INC. / GENON AMERICAS, INC. COM 37244E107 36 17,378 SH DEFINED GOLDMAN SACHS GROUP INC COM 38141G104 14,924 120,000 SH DEFINED GRAY TELEVISION, INC. COM 389375205 29 18,000 SH DEFINED HAIN CELESTIAL GROUP INC. COM 405217100 16,345 373,077 SH DEFINED HCA HOLDINGS INC. COM 40412C101 914 36,954 SH DEFINED HEALTHSOUTH CORPORATION COM 421924309 8,711 425,358 SH DEFINED HEALTHSTREAM INC COM 42222N103 1,623 70,000 SH DEFINED HEWLETT PACKARD COM 428236103 1,393 58,475 SH DEFINED HIGHLAND CREDIT STRATEGIES FUND COM 74734W107 4,013 632,941 SH SOLE HMS HLDGS CORP COM 40425J101 1,623 52,000 SH DEFINED HUMANA COM 444859102 8,434 91,203 SH DEFINED IDENIX PHARMACEUTICALS INC COM 45166R204 490 50,000 SH DEFINED IMAX CORP COM 45245E109 27,356 1,119,327 SH DEFINED INBEV NV COM 03524A108 309 4,250 SH SOLE INSULET CORP COM 45784P101 766 40,000 SH DEFINED INTL BUSINESS MACHINES CORP COM 459200101 574 2,750 SH DEFINED ISHARES INC MSCI BRAZIL 464286400 647 10,000 SH DEFINED ISHARES INC MSCI FRANCE 464286707 1,104 50,000 SH DEFINED ISHARES MSCI JAPAN INDEX FD MSCI JAPAN 464286848 2,269 223,000 SH SOLE ISHARES RUSSELL 1000 GROWTH RUSSELL1000GRW 464287614 330 5,000 SH DEFINED ISHARES RUSSELL 2000 GROWTH INDEX FUND RUSL 2000 GROW 464287648 668 7,000 SH DEFINED ISHARES RUSSELL 2000 INDEX PUT 464287955 342 3,000 SH PUT DEFINED ISHARES TR MSCI EMRG MKT 464287234 472 11,000 SH DEFINED ISHARES TR MSCI EAFE INDEX 464287465 439 8,000 SH DEFINED ISHARES TR COM 464287630 365 5,000 SH DEFINED ISHARES TR HIGH YLD CORP 464288513 2,722 30,000 SH DEFINED JPMORGAN CHASE & CO. *W EXP 10/28/201 46634E114 1,157 85,000 SH SOLE L-3 COMMUNICATIONS HOLDINGS INC. COM 502424104 2,144 30,300 SH SOLE LEVEL 3 FINANCING, INC. COM 52729N308 1,492 58,000 SH SOLE LIFE TIME FITNESS COM 53217R207 21,662 428,364 SH DEFINED LORAL SPACECOM CORP COM 543881106 129,117 1,622,071 SH DEFINED LYONDELL CHEMICAL COMPANY SHS - A - N53745100 11,763 269,488 SH SOLE MACQUARIE INFRASTRUCTURE CO COM 55608B105 399 12,100 SH SOLE MAGNACHIP SEMICONDUCTOR COM 55933J203 579 48,210 SH DEFINED MCKESSON CORP COM 58155Q103 2,251 25,646 SH DEFINED MEDICINES CO COM 584688105 1,606 80,000 SH DEFINED MEDICINOVA INC. COM 58468P206 2,190 754,779 SH SOLE MENS WEARHOUSE INC COM 587118100 17,358 447,720 SH DEFINED METRO HEALTH NETWORKS INC COM 592142103 1,932 206,161 SH DEFINED METROPCS COMMUNICATIONS COM 591708102 8,428 934,363 SH SOLE MICROVISION, INC. *W EXP 07/23/201 594960163 71 402,361 SH DEFINED MICROVISION, INC. COM 594960304 1,245 456,166 SH SOLE MOTOROLA SOLUTIONS INC COM 620076307 6,684 131,500 SH DEFINED MYLAN INC. (FKA MYLAN LABORATORIES INC.) COM 628530107 2,412 102,853 SH SOLE MYREXIS INC COM 62856H107 903 297,965 SH DEFINED NASDAQ OMX GROUP, INC., THE COM 631103108 1,036 40,000 SH SOLE NATIONAL CINEMEDIA, LLC COM 635309107 1,002 65,460 SH SOLE NAVISTAR INTYL CORP COM 63934E108 7,467 184,600 SH DEFINED NEKTAR THERAPEUTICS COM 640268108 634 80,000 SH DEFINED NIKE INC COM 654106103 488 4,500 SH SOLE NPS PHARMACEUTICALS COM 62936P103 6,730 983,859 SH DEFINED NRG ENERGY, INC. COM 629377508 2,199 140,350 SH SOLE NUVASIVE INC COM 670704105 4,675 277,600 SH DEFINED OFFICEMAX INC. COM 67622P101 572 100,000 SH SOLE PACIRA PHARMACEUTICALS INC COM 695127100 1,673 145,000 SH DEFINED PENDRELL CORP COM 70686R104 112,520 43,111,145 SH DEFINED PENSON WORLDWIDE INC. COM 709600100 1,259 1,852,191 SH SOLE PFIZER INC COM 717081103 7,083 312,800 SH DEFINED PIONEER NATURAL RESOURCES CO COM 723787107 23,416 209,838 SH DEFINED PITNEY BOWES INC. COM 724479100 949 54,000 SH SOLE POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 576 20,000 SH DEFINED POWERSHARES DB OIL FUND DB OIL FUND 73936B507 2,276 76,100 SH SOLE POWERSHARES QQQ UNIT SER 1 73935A104 1,216 18,000 SH DEFINED POWERSHARES SENIOR LOAN PORT SENIOR LN PORT 73936Q769 155 6,298 SH DEFINED POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 1,994 91,000 SH SOLE PROSHARES ULTRA SILVER ULTRA SILVER 74347W841 4440 81520 SH SOLE PROSHARES ULTRASHORT EURO ULTRASHRT EURO 74347W882 3,699 195,000 SH SOLE PROSHARES ULTRASHORT YEN ULTRASHORT YEN N 74347W569 2,737 58,167 SH SOLE PROTECTIVE LIFE CORPORATION COM 743674103 1,002 33,839 SH SOLE PSS WORLD MED INC COM 69366A100 1,394 55,000 SH DEFINED QIAGEN NV COM N72482107 1,569 100,744 SH DEFINED QLT INC. COM 746927102 427 61,006 SH DEFINED RAPTOR PHARMACEUTICALS CORP COM 75382F106 519 76,711 SH DEFINED RAYTHEON COMPANY COM 755111507 653 12,373 SH SOLE REGAL ENTERTAINMENT GROUP COM 758766109 2,549 187,400 SH SOLE REGIONS FINANCIAL CORP NEW COM 7591EP100 5,555 843,000 SH DEFINED RESEARCH IN MOTION COM 760975102 735 50,000 SH SOLE RIGEL PHARMACEUTICALS INC COM 766559603 1,158 143,800 SH DEFINED RITCHIE BROS. AUCTIONEERS INC. COM 767744105 4,907 206,519 SH DEFINED SALESFORCE COM INC COM 79466L302 11,496 74,400 SH DEFINED SBA COMMUNICATIONS CORP COM 78388J106 7,505 147,700 SH DEFINED SEAGATE TECHNOLOGY HDD CAYMAN COM G7945M107 496 18,400 SH SOLE SEQUENOM INC COM 817337405 1,302 320,000 SH DEFINED SERVICESOURCE INTERNATIONAL COM 81763U100 6,191 399,925 SH DEFINED SHANGPHARMA CORP COM 81943P104 1,888 233,100 SH DEFINED SPANSION INC-CLASS A COM 84649R200 1,547 127,000 SH DEFINED SPDR S&P 500 ETF TR TR UNIT 78462F103 1,126 8,000 SH DEFINED SPDR Series Trust BRCLYS YLD ETF 78464A417 3,705 94,100 SH DEFINED STARBUCKS CORP COM 855244109 15,275 273,300 SH DEFINED STEWART ENTERPRISES COM 860370105 1,233 203,153 SH DEFINED SUN HEALTHCARE GROUP INC COM 86677E100 772 112,894 SH DEFINED SWS GROUP INC COM 78503N107 102 17,818 SH SOLE TORCHMARK CORPORATION COM 891027104 1,259 25,260 SH SOLE TORNIER N V COM N87237108 643 25,000 SH DEFINED TOTAL SA COM 89151E109 955 18,680 SH SOLE TRANS1 INC COM 89385X105 525 143,100 SH DEFINED ULTRA QQQ PROSHARES PSHS ULTRA QQQ 74347R206 714 6,000 SH DEFINED VALEANT PHARMACEUTICLAS INTL COM 91911K102 1,210 22,926 SH DEFINED VIACOM, INC. COM 124857202 32,625 962,100 SH DEFINED WATERS CORP COM 941848103 1,622 17,500 SH DEFINED WATSON PHARMACEUTICALS COM 942683103 1,585 23,636 SH DEFINED WELLCARE HEALTH PLANS INC COM 94946T106 863 12,000 SH DEFINED WELLS FARGO & CO COM 949746101 10,194 298,600 SH DEFINED WELLS FARGO & CO *W EXP 10/28/201 949746119 775 76,807 SH SOLE WESTERN DIGITAL CORPORATION COM 958102105 518 12,506 SH SOLE XOMA CORP DEL COM 98419J107 28 10,000 SH SOLE